California Form 3588 PDF Details

In an era where electronic filing has become the norm for handling tax returns, the California Form FTB 3588 stands out as a vital tool for Limited Liability Companies (LLCs) looking to streamline their tax payment process. This specific form, designed for the payment voucher for LLC electronically filed returns, lays down a straightforward pathway for businesses that have transitioned to the digital submission of their tax reports. It comes into play under three main conditions: the LLC must have filed its tax returns electronically, there must be a balance due, and the payment needs to be made via a check or money order. Simplifying the rounding off of cents to the nearest dollar and incorporating provisions for including a Private Mail Box (PMB) in the address field mark the form’s attention to detail. The form is preprinted with the LLC's essential information, prompting a verification step before proceeding with the payment. This verification ensures that the data aligns with what was digitally submitted to the Franchise Tax Board (FTB) and the details on the printed copy of Form 568, the Limited Liability Company Return of Income. Instructions detail the making of the check or money order payable to the "Franchise Tax Board," highlighting the significance of using U.S. dollars and financial institutions. A late payment penalty looms over entities failing to meet the tax payment deadline, establishing the importance of punctuality in tax obligations. The form’s structured layout not only guides LLCs through the payment process but also underscores the penalties and interest implications of delayed payments, asserting the gravity of meeting tax responsibilities on time.

QuestionAnswer
Form NameCalifornia Form 3588
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesca form 3588, 3588, california form 3588 vs 3522, california form 3588

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Instructions for Form FTB 3588

Payment Voucher for LLC Electronically Filed (e-filed) Returns

General Information

Use form FTB 3588, Payment Voucher for LLC e-filed Returns, to pay the fee only if the Limited Liability Company (LLC) meets all of the following:

•Files its tax return electronically

•Has a balance due

•Remits payment with a check or money order

Round Cents to Dollars – Round cents to the nearest whole dollar. For example, round $50.50 up to $51 or round $25.49 down to $25.

Private Mail Box – Include the Private Mail Box (PMB) in the address field. Write “PMB” first, then the box number. Example: 111 Main Street PMB 123.

Specific Instructions

Is form FTB 3588 preprinted with the LLC’s information?

Yes. Go to number 1.

No. Go to number 2.

1.Verify that the following information is correct before writing the check or money order:

•LLC’s name

•Doing Business As (DBA)

•Address

•Secretary of State (SOS) file number

•Federal employer identification number (FEIN)

•Amount of payment

•Contact telephone number

If the LLC needs to change the information, use a black or blue ink pen to draw a line through the incorrect information and clearly print the new information. Scanning machines may not be able to read other colors of ink. Then, go to number 3.

2.If there is a balance due, complete the voucher at the bottom of this page. Print the LLC’s name, doing business as (DBA), address, Secretary of State (SOS) file number, federal

employer identification number (FEIN), contact telephone number, and amount of payment in the space provided. Print the LLC’s name and address in CAPITAL LETTERS. Use a black or blue ink pen. Scanning machines may not be able to read other colors of ink.

Verify that the following information is complete:

•LLC’s name

•DBA

•Address

•SOS file number

•FEIN

•Amount of payment

•Contact telephone number

The information on form FTB 3588 should match the information that was electronically transmitted to the Franchise Tax Board (FTB) and the information printed on the paper copy of the 2008 Form 568, Limited Liability Company Return of Income.

3.Make the check or money order payable to the “Franchise Tax Board.” Write the LLC’s SOS file number or FEIN and “2008 FTB 3588” on the check or money order. A penalty may be imposed if the LLC’s payment is returned by the bank for insufficient funds.

Make all checks or money orders payable in U.S. dollars and drawn against a U.S. financial institution.

4.Detach the payment voucher from the bottom of this page, only if an amount is owed. Enclose, but do not staple, the payment with the voucher and mail to:

FRANCHISE TAX BOARD

PO BOX 942857

SACRAMENTO CA 94257-0531

Do not send a paper copy of the Limited Liability Company Return of Income to the FTB. Keep it for the LLC’s records.

When to Make Payment

If there is a balance due on the 2008 Form 568, send form FTB 3588 with the payment to the address listed under Specific Instructions, item 4.

The tax liability must be paid by the 15th day of the 4th month following the close of the taxable year.

When the due date falls on a weekend or holiday, the deadline to file and pay without penalty is extended to the next business day.

Penalties and Interest

If the LLC fails to pay its total tax liability by the original due date, the entity will incur a late payment penalty plus interest. To avoid late payment penalties and interest, the tax liability must be paid by the 15th day of the 4th month, following the close of the taxable year. If the entity paid at least 90% of the tax shown on the return by the original due date of the return, but not less than the annual tax, the FTB will waive the penalty based on reasonable cause. However, the imposition of interest is mandatory.

DETACH HERE

IF NO PAYMENT IS DUE, DO NOT MAIL THIS FORM

DETACH HERE

 

 

Fiscal year – File and Pay by the 15TH day of 4th month following the close of the taxable year. Calendar year – File and Pay by April 15, 2009.

TAXABLE YEAR

Payment Voucher for

 

2008

LLC e-filed Returns

CALIFORNIA FORM

3588 (E-fiLE)

For calendar year 2008 or fiscal year beginning month_______ day_______ year ________, and ending month_______ day_______ year__________ .

Limited liability company name

DBA

Secretary of State (SOS) file number

FEIN

-

Address (including suite, room, PO Box, or PMB no.)

City

State

ZIP Code

-

Contact telephone no.

()-

Do not send copy of return with payment voucher.

Amount of payment

, , . 00

6201083

 

 

FTB 3588 2008

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